Austria Austria vs France France development indicators, 2024

Indicator
Austria
Austria, Value
France
France, Value
Austria
Austria, Rank
France
France, Rank
Austria Austria as % of
France France
Current account balance (% of GDP) 2.42 0.392 36 49 619 %
Exports of goods and services (% of GDP) 56.9 33.2 31 75 171 %
Foreign direct investment, net inflows (% of GDP) 1.78 1.75 62 63 102 %
GDP per capita (current US$) 56,833 46,150 15 26 123 %
GDP per capita, PPP (current international US$) 71,618 61,322 20 28 117 %
Imports of goods and services (% of GDP) 53.6 34 48 85 158 %
Inflation, consumer prices (annual %) 2.94 2 82 114 147 %
Net migration 8,813 90,527 47 20 9.74 %
Population, total 9,178,482 68,516,699 98 23 13.4 %

Demography and Health

In terms of demographics, Austria has a birth rate of 8.5 per 1,000 people, which is lower than France's 9.9, placing Austria 50th globally compared to France at 19th. Austria's death rate stands at 9.8 per 1,000, while France's is slightly lower at 9.2. Life expectancy in Austria is 81.5 years, which is shorter than France's 82.9 years, further placing Austria 34th in global rankings versus France at 11th. The under-5 mortality rate is notably lower in Austria at 3.1 per 1,000 live births compared to France's 4.3, ranking Austria 56th and France 19th. Both countries showcase a prevalence of undernourishment of 2.5%, indicating a similar standard of nutrition. Austria has a net migration figure of 8,813, which is significantly less than France's 90,527.

Economy

Austrian GDP per capita stands at $56,833, outperforming France's $46,150, ranking Austria 19th globally while France ranks 37th. When considering GDP per capita in purchasing power parity (PPP), Austria also prevails with $71,618 compared to France's $61,322. The inflation rate in Austria is slightly higher at 2.9% than France at 2%. Both nations exhibit a similar poverty headcount ratio, with Austria at 14.8% and France at 15.6%, indicating a comparable economic struggle for a segment of their populations. However, in terms of employment, Austria has a lower unemployment rate at 5.3% compared to France's 7.3%.

Trade and Investment

Austria's economy is more dependent on trade, with exports of goods and services accounting for 56.9% of its GDP, juxtaposed with France's 33.2%. Imports in Austria align closely at 53.6%, while France has 34%. Both countries have net foreign direct investment inflows at 1.8% of GDP. In terms of high-technology exports, Austria reports $27.3 billion, whereas France leads significantly with $115.3 billion, highlighting France's prowess in advanced industries.

Governance and Institutions

The governance quality in Austria is slightly stronger, evidenced by a government effectiveness score of 1.3 compared to France's 1.1. Additionally, Austria has better scores in control of corruption (1.1 vs. 1.2) and rule of law (1.7 vs. 1.2), ranking 11th globally in rule of law. Political stability is more pronounced in Austria with a score of 0.7 compared to France's 0.3. Although Austria's military expenditure is relatively low at $4.4 billion, France invests heavily at $61.3 billion, indicating a prioritization on defense and military capabilities.

Infrastructure and Technology

Austria performs well in logistics, scoring 3.9 on the logistics performance index, contrasting with France at 3.8. Remarkably, Austria leads in research and development expenditure at 3.2% of GDP, significantly higher than France’s 2.2%. This investment in R&D positions Austria advantageously for technological advancement and innovation.

Environment and Sustainability

On environmental metrics, Austria excels in renewable energy consumption, with 36% of its total energy consumption derived from renewable sources, significantly surpassing France's 16.2%. In terms of greenhouse gas emissions, Austria emits 8 tons of CO2 equivalent per capita, while France emits a lower 5.6 tons. Water stress in Austria is marked at 8.7% of freshwater withdrawal in relation to available resources, compared to France's 21.6%, which indicates a more sustainable approach to water usage in Austria. Both countries rank identically on the prevalence of undernourishment, showcasing effective measures in managing food security.